It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
If you’re planning to purchase a property in Hull with a 10% deposit, you’ll find plenty of options available.
These mortgages, often referred to as 90% loan-to-value (LTV) mortgages, are ideal for buyers who can’t save a larger deposit but want to secure a home sooner.
Understanding the requirements, processes, and benefits of a 10% deposit mortgage can help you make an informed decision.
A 10% deposit means you’ll contribute 10% of the property’s purchase price upfront, while a lender provides the remaining 90%.
For example, if the property costs £150,000, you would need to save £15,000, and the lender would cover the remaining £135,000.
This type of mortgage is commonly chosen by first time buyers in Hull or home movers who have limited savings but a stable income.
Lenders evaluate several factors before approving a 90% LTV mortgage.
Your credit score is one of the most important considerations, as it reflects your borrowing history and ability to manage debt.
A higher credit score typically increases your chances of approval and secures better interest rates.
Affordability assessments are also crucial. Lenders will examine your income, outgoings, and financial commitments to ensure you can comfortably manage the mortgage repayments.
Having a stable employment history and providing detailed evidence of your earnings can strengthen your application.
Additionally, the type of property you wish to purchase can influence the lender’s decision.
Properties that are non-standard in construction, such as high-rise flats or homes with unique features, may require a more specialised mortgage product.
Standard properties are generally more straightforward to finance.
Several mortgage options are accessible for buyers with a 10% deposit.
Fixed-rate mortgages are a popular choice, offering predictable repayments over a set term, such as two or five years, this stability is ideal for budgeting and planning.
Tracker mortgages, on the other hand, follow the Bank of England base rate, meaning your monthly payments could go up or down depending on market conditions.
Flexible mortgages provide additional features like payment holidays or overpayment options, giving borrowers more control over their finances.
To improve your chances of approval, it’s wise to ensure your financial profile is as strong as possible.
Reviewing your credit file for inaccuracies and addressing any issues beforehand can make a significant difference.
If your deposit exceeds 10%, even slightly, you may unlock more competitive interest rates and deals.
Saving a higher deposit isn’t always feasible, but demonstrating strong financial management through regular savings and maintaining low levels of debt can reassure lenders.
If you’re unsure about how to proceed, a mortgage broker in Hull like ourselves can help you navigate the process, and identify suitable lenders and products tailored to your circumstances.
A mortgage broker in Hull with experience in the property market can offer invaluable guidance.
We can access a wider range of lenders and products, including those not directly available to the public.
Our mortgage advisors in Hull often know which lenders are most likely to approve applications for 90% LTV mortgages and can help secure the best possible deal.
By working with a broker, you can save time, avoid unnecessary rejections, and streamline the entire process.
From securing an agreement in principle to completing your mortgage application, a broker provides support every step of the way.
Yes, a 10% deposit is enough for many buyers in Hull to secure a mortgage.
While some lenders may prefer a higher deposit for certain property types or buyer profiles, most accept 10% as a sufficient starting point.
With the right preparation and guidance, you can find a mortgage deal that suits your needs and budget.
If you’re ready to take the next step, reach out to a trusted mortgage advisor in Hull to explore your options and make your homeownership journey as smooth as possible.
As an accountant, managing finances is your day-to-day, but when it comes to securing a mortgage, things can get a bit more challenging.
Lenders are aware that accountants often have unique financial situations, which is why there are mortgage products designed to cater specifically to your needs.
Your deep understanding of finances gives you a strong starting point in the mortgage process.
Lenders often have a positive outlook on accountants due to their consistent income and careful financial planning.
Whether your earnings come from a combination of salary, dividends, or retained profits, how your income is structured will help determine which mortgage options are the right fit for you in Hull.
Given the particular nature of an accountant’s finances, speaking to a mortgage broker in Hull can be a smart move.
These brokers have experience working with clients like you and know how to find mortgage deals that align with your income and goals.
They ensure that your financial profile is presented clearly to lenders, increasing your chances of securing the right mortgage.
If you’re self-employed in Hull, getting a mortgage might feel like a bigger hurdle, especially if your income fluctuates.
There are mortgage products that are tailored specifically for self-employed professionals. Typically, lenders will ask for a couple of years’ worth of accounts and tax returns to verify your income stability.
A mortgage advisor in Hull can help you navigate these requirements and connect you to mortgage products that aren’t always available through mainstream banks.
For accountants buying their first home in Hull, there are specific mortgage options that offer lower deposits and attractive interest rates.
These first-time buyer products are designed to make the process of getting on the property ladder more manageable.
On the other hand, if you already have a mortgage, looking into remortgages in Hull can help you save money by lowering your payments or allowing you to access equity.
A mortgage broker in Hull can help you in finding remortgage deals that suit your financial situation and plans.
Before you apply for a mortgage, it’s important to ensure your financial documents are up to date and accurately reflect your earnings.
Lenders will want to see a consistent income history, so having well-organised accounts is vital. If your income varies, it helps to be ready with an explanation that makes sense to potential lenders.
Maintaining a strong credit score and staying on top of existing debts will further improve your chances of being approved for a favourable mortgage deal.
A specialist mortgage advisor in Hull can offer guidance on how to present your application in the best possible light, making sure you secure the right mortgage terms.
Whether you’re a first-time buyer in Hull or considering remortgaging, finding a mortgage broker in Hull who understands your financial situation can help you take the next step towards the right mortgage solution for you.
When you secure a mortgage offer, it’s important to understand how long it remains valid.
Mortgage offers typically come with an expiration date, giving you a set period to complete your home purchase or remortgage before the offer expires. The timeframe can vary depending on the lender and the type of mortgage you’re applying for.
Being aware of these details ensures you can plan your next steps effectively without risking the loss of your offer.
When you receive a mortgage offer in Hull, it’s important to know how long it will remain valid.
Typically, mortgage offers last between three to six months, depending on the lender. This timeframe gives you a window to finalise the purchase of your property.
If you’re buying a new build, some lenders might extend this period slightly to accommodate construction delays.
The exact duration will vary, so it’s always a good idea to double-check with your lender to ensure you’re aware of any specific deadlines.
Mortgage offers come with expiry dates because lenders need to protect themselves from market fluctuations.
Over time, interest rates, property values, and your personal financial circumstances can change. By setting an expiry date, lenders can ensure that the offer reflects current conditions.
If your mortgage offer in Hull expires before you’ve completed the property purchase, you may need to reapply.
Some lenders may allow you to extend the offer, provided your financial situation hasn’t changed, but this isn’t guaranteed.
If the offer expires, you might have to resubmit documents and undergo another affordability check, which can take time. Always aim to complete your purchase before the offer’s expiry to avoid potential complications.
Buy to let mortgage offers in Hull generally follow similar timeframes to standard residential mortgages, often lasting between three and six months. However, there are some differences.
For instance, lenders may have additional requirements for buy to let properties, such as minimum rental income projections or the property’s condition. This could impact how quickly you need to act on the offer.
If you are looking for a buy to let mortgage in Hull, you should also be aware of market conditions and tenant demand, as any delays in securing tenants could affect your ability to complete the mortgage within the offer period.
When remortgaging in Hull, the validity of your offer typically ranges from three to six months, similar to a standard mortgage.
Remortgaging in Hull can be a great way to take advantage of better interest rates or to release equity from your property. Given the potential fluctuations in interest rates, it’s essential to stay within the offer period to lock in favourable terms.
If the offer is approaching its expiry date, speak to your lender in Hull about whether an extension is possible to avoid the need to restart the application process. Alternatively, if you are dealing with a mortgage broker in Hull like us, we can contact them on your behalf.
If your mortgage offer in Hull is about to expire and you haven’t completed your purchase, many lenders will consider an extension.
To extend the offer, you will typically need to confirm that your financial circumstances haven’t changed. Some lenders might ask for updated documents, such as recent payslips or bank statements.
It’s important to request the extension well before the offer expires, giving your lender enough time to review your request. Keep in mind that some lenders may charge an additional fee for extending a mortgage offer.
To avoid the stress of a mortgage offer expiring in Hull, it’s important to stay organised throughout the home-buying process.
Ensure you complete any required paperwork promptly and work closely with your solicitor to keep the purchase on track.
Keep in touch with your lender to ensure there are no delays in the mortgage approval process. If there are any unexpected hold-ups, such as issues with the property or legal matters, make sure to address them quickly to avoid running into problems with the mortgage offer’s expiry date.
If you are in need of mortgage advice in Hull, make sure to reach out to our team of advisors. We would love to offer a helping hand!
Buying a property in joint names can be an excellent option for many in Hull, especially if you’re considering pooling resources with a partner, friend, or family member. Whether you are looking to purchase your first home or an investment property, understanding the dynamics of joint ownership is essential.
We provide tailored mortgage advice in Hull to guide you through this process and ensure you make informed decisions. Our team is ready to help you explore all your options, from choosing the right mortgage type to understanding the legal implications of joint ownership.
Up to four people can co-own a property jointly. This arrangement is ideal for those who want to share the financial responsibilities of homeownership, such as the mortgage payments and maintenance costs.
Co-owning a property allows you to combine your financial resources, which could help you qualify for a larger mortgage or reduce the burden of individual contributions. If you’re considering this option, it’s wise to speak with a specialist mortgage advisor in Hull to assess your eligibility and explore the best deals available.
When buying a property jointly, you will need to decide between two forms of ownership:
Joint tenancy allows each person own the whole property jointly with the others. If one owner passes away, their share automatically passes to the surviving co-owners. This arrangement is commonly chosen by married couples or those in long-term relationships.
On the other hand, allows each co-owner to own a specific share of the property. This could be an equal division or a split that reflects each person’s financial contribution. Under this setup, if one owner passes away, their share does not automatically go to the other owners but can be passed on according to their will. This type of ownership is often preferred by friends or family members buying together, as it provides more flexibility.
Understanding the differences between these ownership types is key, and our team can provide specialist mortgage advice in Hull to help you choose the right option for your situation.
If you and your co-owner decide to separate, the mortgage remains a shared responsibility. Both parties are still liable for the full mortgage repayments, regardless of who continues to live in the property. It’s important to remember that failing to keep up with payments can affect both parties’ credit ratings.
To navigate this potentially challenging situation, it’s advisable to consult with a mortgage advisor in Hull. They can guide you on steps to take, such as refinancing or negotiating with your lender, to ensure the most favourable outcome for both parties.
Removing an ex-partner from a joint mortgage can be a complex process. The mortgage lender must agree to this change, which typically involves reassessing the remaining party’s financial situation to ensure they can afford the mortgage payments on their own. This process might require you to remortgage the property solely in your name, or transfer the mortgage to a new lender that offers more favourable terms.
Our advisors in Hull can help you understand your options and guide you through the remortgaging process. We provide expert advice tailored to your circumstances to help make this transition as smooth as possible.
If you wish to remove your name from a joint mortgage, the process will be similar to removing an ex-partner. The other co-owner(s) would need to prove to the lender that they can handle the mortgage repayments independently. Alternatively, the property could be sold, and the mortgage settled with the proceeds.
It’s crucial to seek specialist mortgage advice in Hull if you find yourself in this situation. Our team can help assess your options, negotiate with your lender, and ensure that the removal of your name does not negatively impact your credit score or financial future.
Technically, there are no exclusive teacher mortgages in Hull. The mortgage options available to teachers are generally the same as those available to other professionals.
However, being a teacher in Hull can be advantageous. Due to the stability and high skill level associated with teaching roles, mortgage lenders often view teachers more favourably, potentially offering better interest rates.
All types of teachers in Hull can apply for a mortgage, including:
There are no specific restrictions preventing any type of teacher from applying for a mortgage, although some may find the process more challenging depending on their employment situation. Each mortgage product has its own criteria, and not all applicants will qualify for every option.
Newly qualified teachers in Hull may face some challenges when applying for a mortgage, often due to having a 12-month initial contract.
Lenders might view this as a potential risk, as they prefer applicants with stable, long-term employment. However, many specialist lenders are willing to consider NQTs, especially with the assistance of a mortgage broker in Hull who can connect them with the right lender.
Supply teachers in Hull may face additional challenges due to the potential fluctuation in their salaries and the perceived instability of their employment.
However, if supply teachers can demonstrate consistent income and job stability, they can still access mortgage opportunities similar to other applicants. Working with a mortgage broker in Hull can help find lenders more open to such employment conditions.
Yes, a gifted deposit from a family member can make a mortgage application more attractive to lenders by reducing the loan amount.
Additionally, a guarantor mortgage in Hull, where a family member’s income supports the application without being on the property title, can also be beneficial. These options can help overcome some of the challenges teachers might face in securing a mortgage.
While there are no specific schemes exclusively for teachers, many general home buying schemes are available in Hull. These include the Right to Buy Scheme and Shared Ownership in Hull.
These schemes can help first time buyers in Hull and other prospective homeowners, including teachers, get onto the property ladder. Speaking with a mortgage advisor in Hull can help determine eligibility for these schemes.
Yes, retired teachers or those nearing retirement can still access various mortgage options. Mortgages for over 65s in Hull and over 70s in Hull are increasingly accessible, with lenders offering products like lifetime mortgages, retirement interest-only mortgages, and standard mortgages in Hull.
It’s advisable to speak with a later life mortgage specialist in Hull to ensure the chosen product aligns with personal financial goals and retirement plans.
To understand the features and risks, ask for a personalised illustration. Equity Release in Hull may come in the form of a lifetime mortgage or home reversion plan.
A lifetime mortgage may impact the value of your estate and it could affect your entitlement to current and future means tested benefits. The loan plus accrued interest will repayable upon death or moving into long term care.
A home reversion plan involves selling all or part of your home to a plan provider in exchange for a tax-free lump sum.
Unsecured credit is a topic that isn’t to be taken lightly. Our team frequently speak with first time buyers in Hull who are in search of tailored mortgage guidance due to a variety of financial missteps, such as defaulting on payments, having a low credit score, CCJ’s, and defaults, amongst others.
Too many missed payments on things like a phone bills could result in a default on your credit file. This could potentially hinder future mortgage applications as it indicates unreliability in making timely payments.
An optimistic perspective is that missed payments or defaults doesn’t mean you can’t get a mortgage. Despite the necessity for expert mortgage advice in Hull to successfully navigate the mortgage process, there exist accessible options should you find yourself in this situation.
If you have a lower deposit, your chances of being declined are likely. If you have a suitably sized deposit though, even if you have bad credit, a mortgage may still be an option for you.
A lender specialising in mortgages will be interested in the specifics of your default. Your chances of securing a mortgage are higher if the default was due to circumstances beyond your control and if a considerable amount of time has passed since its occurrence.
Past mistakes do not always have to define you. If the issue was genuinely accidental and unanticipated, the mortgage lender may exhibit some leniency during your application process. Our team is also on hand to assist with more intricate mortgage scenarios.
We have put together a list of frequently asked questions and answers on the top of bad credit mortgages.
If you are in need of a mortgage broker in Hull, don’t hesitate to reach out. Our mortgage advisors in Hull have extensive experience in handling complex mortgage situations and may likely have encountered a situation similar to yours.
No matter the nature or extent of your past credit problems, an up-to-date copy of your credit report is essential. You can typically access this for free online. It is recommended that you obtain your credit report before applying for a mortgage, especially if there are concerns about your credit history. Multiple unsuccessful credit searches can exacerbate your credit rating and potentially block your mortgage application entirely.
This largely depends on your unique financial situation. Many of our customers find their credit scores requires help to understand why it might pose a problem. Credit scores may seem arbitrary to some customers, especially those who have a healthy deposit and regular income. However, due to the inherent risks, a mortgage lender may still be wary of granting a mortgage.
The lender must be sure of your ability to maintain regular mortgage payments without risking debt. Despite these challenges, there are still options for mortgages with bad credit, potentially with higher rates. The most proactive step is to consult with an experienced mortgage broker in Hull.
IIn many situations, you may find yourself struggling to keep afloat financially, for reasons that you cannot control. This can be a temporary setback; however, a missed payment can leave a lasting imprint on your credit record.
Regardless of the nature of your credit trouble, you may experience difficulties when trying to remortgage in Hull, buy your first home or move house. This often boils down to the lender’s risk perception and their confidence in your ability to avoid future defaults.
As providers of trusted, specialist mortgage advice in Hull, we have had lots of experience in helping customers who previously were tied to a mortgage and have since found themselves with a poor credit history.
Customers may encounter many types of credit issues that can complicate the mortgage process. Some of these include but are not limited to:
Whilst none of these are particularly great circumstances to find yourself in, it’s not necessarily the end of the road for you. You may have a longer, more challenging process, with higher mortgage rates, but there are specialist mortgage lenders in Hull who may be able to help.
To increase your chances of mortgage success and to get access to better rates, you should focus on improving your credit score. We have a useful article that we have written on how to improve your credit score in Hull article, which will hopefully help you to obtain a mortgage in the future.
If you require expert, straightforward mortgage advice related to bad credit mortgages, book your free mortgage appointment online, and our team of mortgage advisors in Hull will see how they can assist. We have over two decades of mortgage knowledge and experience to develop a reliable plan for enhancing your credit score ahead of your mortgage process.
An Individual Voluntary Agreement (IVA) is a legally binding arrangement between an individual in debt and the creditor to whom the debt is owed.
The primary goal of an IVA is to establish a structured framework for monthly repayments, typically spanning a five-year period, with the aim of making the debt more manageable.
An Insolvency Practitioner acts as an advocate, engaging with creditors to ensure the consistent and timely fulfilment of payment commitments.
While obtaining a mortgage with an Individual Voluntary Arrangement (IVA) can pose challenges, it is not an insurmountable task. If you find yourself in this situation, it is advisable to speak with a mortgage broker in Hull to explore your available options.
Affordability is the key consideration in an IVA. Creditors need assurance that you can sustain your repayments while also having sufficient disposable income to cover essential living expenses, including housing.
If you’ve entered into an IVA, it is likely that your credit history has been significantly impacted. Securing a mortgage with an IVA in Hull might present challenges, as lenders tend to be cautious about extending credit to individuals deemed high-risk.
Additionally, the lender will assess whether you have ample disposable income after meeting your IVA obligations to cover mortgage payments and essential living costs.
Post-IVA, it’s important to assess your financial situation before jumping into the mortgage process. Rebuilding your credit score, saving for a deposit, and planning your move are prudent steps.
Affordability should be a primary focus when considering homeownership, ensuring you have the financial means to sustain a mortgage.
Our experienced mortgage advisors in Hull are ready to help, evaluating your mortgage affordability and recommending the most suitable options based on your unique circumstances. To start this process, schedule a free mortgage appointment online or reach out to our team via phone.
Saving for a deposit is regarded as one of the hardest parts of buying a property, especially for first time buyers.
House prices are not the same as they used to be 20+ years ago, they have been rising and rising in recent years. Naturally, rising house prices increase the minimum deposit amount that you need to put down for a mortgage.
So how much deposit do you need to put down for a mortgage?
Typically, lenders will require you to put down a minimum of a 5% deposit. A 5% deposit just means 5% of the value of the property. For example, if you are looking at buying a £200,000 property, you would need to provide a £10,000 deposit.
As a mortgage broker in Hull, we will assess your income and affordability to determine whether you can put down a mortgage with a 5% deposit or whether you would need to provide a higher amount.
Depending on how long you have had bad credit, the chances of you being able to put down a 5% deposit on a mortgage can change.
Most applicants with bad credit will have to put down a higher deposit than just 5% of the property price. Some lender’s will require bad credit applicants to put down a deposit of around 10%-15%.
There are a variety of schemes available, with each being completely different to one another, here are some of the most popular:
In 2021, the government introduced the Mortgage Guarantee Scheme to help first time buyers take out a 95% mortgage (mortgage with a 5% deposit). The end date for this scheme is 30 June 2025.
If you are a first time buyer in Hull and are looking to buy a property, perhaps utilising this scheme could boost your chances of getting a mortgage.
Even if this scheme has ended, it still may be possible to get a mortgage with a 5% deposit, it is all down to your credit and affordability.
The Shared Ownership allows individuals to part-buy and part-rent a property, providing an affordable pathway to homeownership.
This scheme enables aspiring homeowners to purchase a share of the property, typically between 25% and 75%, and pay rent on the remaining portion.
Over time, individuals have the option to increase their share through a process known as “staircasing,” gradually progressing towards full ownership.
The Lifetime ISA is not a scheme as such, but a government-led initiative that helps first time buyers save for their deposit for their first property.
The Lifetime ISA is a tax-free savings account for those aged between 18 and 40 looking to buy their first home.
Savers can contribute up to £4,000 annually, and the government adds a 25% bonus (£1,000 maximum) to assist with property purchases. This incentive provides a valuable boost for individuals saving towards their first home, making the journey to homeownership more affordable.
To learn more about these schemes, head over to OwnYourHome.gov.uk to find a complete list.
Alternatively, give our mortgage advisors in Hull a call to discuss your options. In some cases, you may not require the use of a scheme to get a mortgage with a 5% deposit, it may already be financially feasible.
If you are a first time buyer in Hull, book your free mortgage appointment and start your journey online today!
If you’re a first time buyer in Hull or existing home owner thinking about relocating, you may be in one of two situations. You might have a clear idea of the ideal location to settle down in, or you could be just starting your search and feeling overwhelmed by the options available.
To help those who are still unsure about the best place to live in Hull, we have compiled a comprehensive list of the top areas in and around the city. Our list includes various factors, such as access to amenities, safety, transportation links, and community vibes, that could influence your decision.
So, take a look at our list, and you might just find the perfect place to call home in Hull and surrounding areas. With our guidance, you can rest assured that you will make an informed decision and enjoy all that this fantastic city has to offer.
To speak to a mortgage advisor in Hull, get in touch today and receive a free mortgage appointment. We know that the mortgage process can be stressful and that’s why we want to offer a helping hand. We would love to hear from you and assist you in the world of mortgages.
Nestled along the banks of the Humber River, Hessle offers a picturesque setting with stunning river views and a welcoming community. Known for its historic architecture and scenic landscapes, Hessle provides a peaceful escape while remaining close to the city center. Residents enjoy easy access to local amenities, schools, and parks, making it an ideal choice for families and those seeking a tranquil lifestyle.
If you’re searching for a suburban haven with excellent schools and a friendly atmosphere, Willerby is a top choice. This residential area boasts well-maintained parks, local shops, and a range of housing options. With its proximity to both the city center and the beautiful Yorkshire Wolds, Willerby strikes the perfect balance between suburban comfort and easy access to urban conveniences.
For those who crave a vibrant, bohemian atmosphere, Princes Avenue is a cultural hotspot. Lined with independent shops, eclectic cafes, and lively pubs, this area attracts artists, creatives, and young professionals. The diverse range of housing options, from Victorian terraces to modern apartments, adds to the neighborhood’s unique charm, making it an excellent choice for those who appreciate a dynamic lifestyle.
Newland Avenue is synonymous with student life, offering a trendy and energetic environment. Home to the University of Hull, this area boasts a variety of student-friendly amenities, including budget-friendly eateries, lively bars, and affordable housing options. The community’s youthful energy and proximity to educational institutions make it an appealing choice for students and young professionals alike.
As one of Hull’s newest developments, Kingswood is a modern and thriving community with a focus on convenience. Boasting contemporary housing, shopping centers, and recreational facilities, Kingswood provides residents with a comfortable and well-connected lifestyle. The area’s proximity to major roadways and its abundance of green spaces make it an attractive option for families and professionals seeking a contemporary living experience.
Anlaby exudes classic elegance with its tree-lined streets and spacious properties. This suburb offers a mix of period homes and modern residences, providing a diverse range of housing options. With excellent schools, local parks, and convenient shopping, Anlaby is a family-friendly neighborhood that combines traditional charm with contemporary amenities.
For those enchanted by waterside living, Victoria Dock is the answer. This waterfront community offers stunning views of the marina and Humber estuary. With a mix of modern apartments and townhouses, residents can enjoy a sophisticated lifestyle complemented by waterfront dining, leisure facilities, and easy access to the city center. Victoria Dock is a prime choice for those seeking a blend of luxury and tranquility.
Whether you’re drawn to the riverside allure of Hessle, the cultural richness of Princes Avenue, or the modern amenities of Kingswood, Hull has a neighborhood to suit every lifestyle. As you embark on the journey to find your dream home, consider these seven outstanding locations, each contributing to the vibrant tapestry of Hull’s diverse and welcoming communities. As your trusted mortgage broker in Hull, we are here to guide first time buyers and home movers in Hull through the process and help you secure the suirable purchase or remortgage deal that fits your needs.
If your goal is to save time and money while reducing stress and worries throughout the mortgage process, enlisting the assistance of a seasoned mortgage broker in Hull offers significant advantages.
Our team of experienced professionals has access to a vast array of mortgage deals, allowing us to handpick the one that aligns best with your unique circumstances.
In contrast, approaching a bank directly limits you to the mortgage deals offered by that specific lender, missing out on the opportunity to explore a wider range of options.
Our dedicated team is here to accommodate your schedule, offering appointment options 7 days a week, from early morning until late in the day. We understand the demands of your busy life and strive to provide flexibility in our service.
For added convenience, you can make use of our website’s booking form to select either a video or telephone consultation with a mortgage advisor in Hull. This way, you can choose a time that suits you best, ensuring a hassle-free and tailored experience.
To initiate the mortgage process as a first time buyer in Hull, your first step is to schedule an appointment with a mortgage advisor in Hull.
During this meeting, you’ll have the opportunity to provide additional information that will enable our advisor to gain a comprehensive understanding of your unique circumstances and future plans.
Subsequently, they will diligently explore a wide array of mortgage options to identify the one that aligns perfectly with your needs.
First time buyers in Hull and those moving home Hull who are comfortable proceeding with the recommendation of our mortgage advisor will receive a valuable document known as an Agreement in Principle (AIP). We aim to secure this for our clients within 24 hours of their initial appointment.
This document holds significance, particularly when dealing with estate agents during the property purchase process. It serves as tangible proof of your commitment to the purchase and your financial capacity to proceed, with a mortgage lender ready to provide the necessary funds.
Our support extends beyond this stage, encompassing assistance with the offer process, guidance on property surveys, and optional insurance recommendations. These insurance options can act as a safety net, providing protection for your family and home in unforeseen circumstances.
Furthermore, you’ll be required to provide specific documentation to accompany your mortgage application. The precise documentation needed may vary based on your specific circumstances and the lender you choose to work with.
Rest assured, as a mortgage broker in Hull, we are here to help you throughout this documentation process, ensuring a smooth and well-informed journey.
Once we’ve received your documents, as a dedicated mortgage broker in Hull, we’ll promptly proceed to verify these crucial pieces of information. Following this verification process, we will provide you with a comprehensive mortgage illustration.
This document serves as a clear outline of the mortgage deal you’ve chosen in collaboration with the mortgage lender we recommended. This step typically takes place just before we formally submit your application.
After you’ve granted your approval for our recommended mortgage deal, your application is then submitted. Our experienced mortgage advisor in Hull will be responsible for sending copies of your meticulously prepared documents to the chosen mortgage lender.
Throughout this phase, we maintain regular contact with you, ensuring you stay well-informed about the progress of your application. Once the mortgage lender has meticulously reviewed your application, we will promptly get in touch with you to convey their decision.
In the event of a successful application, this is the point at which you will receive a formal mortgage offer. From this juncture onwards, the onus shifts to your solicitor, who will oversee the finalisation of the deal, paving the way for you to embark on the exciting journey of moving into your new home.
In our role as a dedicated mortgage broker in Hull, we consistently prioritise your best interests in every aspect of our service. Our mission is clear: to save you time, money, and unnecessary stress whenever possible. We are committed to helping you achieve the strongest possible financial position.
Our customer reviews provide an authentic glimpse into the enduring relationships we forge with those who reach out to us. These testimonials vividly illustrate the positive influence that home ownership, facilitated through our comprehensive mortgage advice service, has had on individuals like yourself.
We take pride in being a trusted partner on your journey towards securing a home and improving your financial well-being.
Read our 747 Reviews
Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Contact
Follow Us
Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm